Form F Payment PDF Details

Navigating the complexities of property ownership within a strata corporation involves understanding various legal documents, one of which is the Form F Certificate of Payment, as mandated by the Strata Property Act. This essential form serves a dual purpose. First, it certifies whether the owner of a strata lot is updated with their financial obligations to the strata corporation. Two scenarios can be encountered on this form: either the owner does not owe any money to the strata corporation, highlighting a clear financial standing, or there are dues pending. However, for those with outstanding balances, the form further specifies that either the owed amount has been satisfied by payment into court or held in trust according to section 114, or an agreement satisfactory to the strata corporation has been arranged for the payment. The endorsement of the Form F requires signatures from the strata council member or the strata manager, if so authorized, ensuring legal acknowledgment. This document, valid for 60 days from its issuance as per section 115(2) of the Act, plays a critical role in the transaction processes involving strata lots by providing a transparent account of the financial responsibilities between the owner and the strata corporation.

QuestionAnswer
Form NameForm F Payment
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesstrata form, form f strata, strata property act form f, strata forms

Form Preview Example

Strata Property Act

FORM F

CERTIFICATE OF PAYMENT

(Section 115)

The Owners, Strata Plan__________________ certify under section 115 of the Strata Property Act that the owner

[the registration number of the strata plan]

of the strata lot described as:

[parcel identifier] _________________________________________________________________________

[legal description of strata lot]

_______________________________________________________________________________________

_______________________________________________________________________________________

s

(a) does not owe money to the strata corporation, or

(b) does owe money but

(I) the money claimed by the strata corporation has been paid into court, or to the strata corporation in trust, under section 114 of the Strata Property Act, or

(ii) arrangements satisfactory to the strata corporation have been made to pay the money owing

Date: ____________________________ *

[month day, year]

____________________________________

OR

_____________________________________________

Signature of Council Member

 

Signature of Strata Manager [if authorized by strata corporation]

 

 

Agent for the Owners,

 

 

Strata Plan ____________

____________________________________

 

 

Signature of second Council Member

 

 

[not required if council consists of only one member]

 

 

Section 115 (2) of the Act provides that a Certificate of Payment is current for the purposes of section 256 of the Act for a period of 60 days from the date it is issued.

Complimentary Forms

Web Page Condominium News (WPCN) Inc.

www.wpcn.ca

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